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Norges Bank invested over $363 million in Kimco Realty, owning now 2.3% of the U.S. shopping center REIT.
Norges Bank, Norway's central bank, invested $363.44 million in Kimco Realty Corp, acquiring 15,511,565 shares, or 2.30% of the company.
Kimco Realty, a real estate investment trust, saw its stock rise 12.5% in the last quarter.
The company owns 437 U.S. shopping centers and had a net margin of 20.17% in its latest earnings report.
The stock has a "Moderate Buy" rating with a target price of $24.43.
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Norges Bank invirtió más de $363 millones en Kimco Realty, que ahora posee el 2,3% del centro comercial REIT de EE.UU.